Join ExamsbookAnswer : 3. "5%"
Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ?5
Q: Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ?
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Answer : 3. "5%"
Explanation :
Answer: C) 5% Explanation: C.I = P1+r100t-1 594.5 = 58001+r1002-1 594.55800+1=1+r1002 r100=1.05-1=0.05=> r = 5 % .